EUR/USD today: the dollar is adjusted after the decline
At the trading on Thursday, the EUR/USD pair moved to a correction after updating the high at 1.1510. The reason for the decline in this pair was the rather weak employment data in the eurozone, the negative dynamics of stock indices in Europe and the technical correction of the US dollar after the decline.
Events for today:
- 15:30 – data for the United States: employment cost index (q/q) (Q4) and initial jobless claims.
- 16:45 – PMI will be released in Chicago (Jan) USA.
- 18:00 – President Bundesbank Weidmann will speak.
- 23:00 – TIC net long-term transactions (November) will be published in the United States.
The dynamics of the pair EUR/USD pair remains upward, despite the attempts of correction. Therefore, all downward movements will be limited, and given the correction after the growth, we can expect an increase in rebound from the supports. Support levels are located at the levels: 1.1460 and 1.1430. Resistance levels are: 1.1510 and 1.1540.
Read also: “Frankfurt Stock Exchange and its main index”
Hanzenko Anton
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